Home / Knowledge / News / Apparel/Garments / Clothing exporters receive interest subsidy bounty
Clothing exporters receive interest subsidy bounty
Oct '09
The government had earlier announced a two percent interest subsidy for labour intensive sectors like textiles, handicrafts and marine, but had not included the garment manufacturing sector.

But with a noticeable increase in exports from the apparel sector, the government has now corrected the anomaly by giving the same incentives to the clothing exporters of the country.

According to a statement sent to banks by the Reserve Bank of India, the benefit would be effective retrospectively from December 1, 2008, and would remain in force till March 31, 2010.

Garments exports had witnessed a decline by an average of 9.5 per cent in the first four months of 2009-10, due to a demand fall from the key traditional markets of the European Union and US.

Out of the overall apparel export trade of US $10 billion these two regions account for 70 percent of all shipments from the industry. In the last 2-3 months, garment exports from the country have begun to show positive growth.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Myanmar CMP garment exports to touch $2.2bn in 2017

Cutting, making and packaging (CMP) garment exports from Myanmar are...

Interviews View All

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search